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February 22, 2021
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February 22, 2021
Spotify Set to Launch High-Quality Audio Tier, Spotify HiFi
Spotify users are about to have a new high-quality way to listen to music. At its "Stream On" event, the music streaming company announced that it is now offering users higher quality music sound with the launch of Spotify HiFi. "Spotify HiFi will deliver music in CD-quality, lossless audio format to your device and Spotify [...]
22
February 22, 2021
Big Tech Takes on Maryland’s Digital Ad Tax
Silicon Valley is pushing back against Maryland after the state enacted a new digital advertising services tax that will impact the advertising revenues of the nation's largest tech companies. Maryland's state legislature fought hard to initiate a first-of-its-kind tax on digital advertising revenues, even having to override a veto from the state's governor. The tax is meant [...]
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February 19, 2021
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February 19, 2021
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February 18, 2021
Winter Storm Reveals Major Flaws in Texas Power Grid
The extreme cold weather that often plagues the North-East has made its way to Texas, causing significant trouble for the state’s power grid. Freezing weather reached Texans on Feb. 11 and has plagued the southern state since. The winter weather left millions of Texans without power as the cold weather caused the state’s worst blackouts in decades. [...]
16
February 16, 2021
Online Gambling is Taking Off
As people continue to search for ways to stay entertained during the pandemic, Americans have turned to the world of online gambling and sports betting. Following the Super Bowl, betting interest continues to explode and related ETFs have surged to record numbers. An ETF, or an exchange-traded fund, is a security type that involves a collection of [...]
16
February 16, 2021
CVS Health Stays Strong with High Earnings
CVS Health posted unexpectedly high earnings in its fourth quarter due to the COVID-19, laying the company's path to re-enter the Affordable Care Act insurance marketplace next year. The company's fiscal fourth quarter ended Dec. 31, 2020, and the company reported that earnings exceed analysts' expectations. The drugstore chain reported earnings per share of $1.30 adjusted versus the $1.24 [...]
16
February 16, 2021
Facebook Has Its Own Supreme Court. Here’s What it Does
In the internet age, billions of people now use social media to share their thoughts and feelings, high-profile figures and political extremists among them. Facebook, the largest social media platform in the world, has been plagued with incidents of hate speech, incitement of violence, and dangerous misinformation. To combat these issues, Facebook created the Oversight Board. [...]
15
January 15, 2021
Toyota to pay record $180 million fine
Toyota Motor will pay a massive $180 million fine to settle a U.S. Justice Department complaint that the carmaker violated reporting requirements of the Environmental Protection Agency’s Clean Air Act for roughly a decade.
